Comments for Royal Dutch Shell plc .com http://royaldutchshellplc.com News and information on Royal Dutch Shell Plc. Tue, 21 Apr 2015 19:26:19 +0000 hourly 1 http://wordpress.org/?v=4.1.3 Comment on Shell Blog by ANONYMOUS SOURCE http://royaldutchshellplc.com/wp-wall-guestbook/#comment-1150139 Tue, 21 Apr 2015 19:26:19 +0000 http://royaldutchshellplc.com/?page_id=16226#comment-1150139 ABRUPT EXIT OF SHELL TREASURER ANDY LONGDEN

I believe that high profile gaps in Andy’s broad scope of his roles & responsibilities (R&R), 12 years in the same role, (too long for a senior executive), loss of key sponsor(s), and the perceived need for a game changer that
delivers on Ben’s strategy, new operational approach, and heavier (Treasury, M&A, Pensions, and governance) Finance footprint, might have been key in his departure.

Also, remember that Andy and Ben Van Burden come from very different backgrounds. Ben is a Shell homegrown senior leader (with 30+ years), while Andy is an experienced hire. Common knowledge is that the retention history for experienced hires senior leaders is poor at Shell. Why? My understanding is that because Shell is a relationship company, many experienced hires are unable to adequately fit in and build the mentor/sponsor /other relationships that are critical for success in the company.

As to high profile gaps in Andy’s scope of R&R, any could have been used as a justification for a change such as:

1) Pension costs ($2 billion increase in pension funding is projected for 2015 (see Shell Annual report note 17 – Retirement benefits), Also, there was noise around Shell realizing over $600 million USD in pension losses in the highly publicized Bernard Madoff Ponzi scheme, uncovered in 2008,

2) UAU M&A and billions in write downs,

3). Ongoing governance issues, (flawed decisions and/or absence of appropriate actions or interventions because of management tension to achieve targets, inadequate oversight/asset integrity),

4).Other Treasury activities, (such as financial performance, cash management, investor relations, sub-optimum share based compensation delivery schemes, poor
capital discipline, to name a few.)

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Comment on Shell Blog by Outsider http://royaldutchshellplc.com/wp-wall-guestbook/#comment-1150081 Tue, 21 Apr 2015 09:50:17 +0000 http://royaldutchshellplc.com/?page_id=16226#comment-1150081 So will Total play the White Knight to assist BP in avoiding a hostile takeover? Total are also a potential takeover target, so they may have good reason to help BP out.

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Comment on Shell Blog by Relieved http://royaldutchshellplc.com/wp-wall-guestbook/#comment-1149444 Fri, 17 Apr 2015 14:16:31 +0000 http://royaldutchshellplc.com/?page_id=16226#comment-1149444 John,
Thanks for the advice you posted for those who may be considering bringing suit against Shell. It was quite interesting. I am certain potential litigants will find it informative and helpful.

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Comment on Shell Blog by Outsider http://royaldutchshellplc.com/wp-wall-guestbook/#comment-1149433 Fri, 17 Apr 2015 11:44:46 +0000 http://royaldutchshellplc.com/?page_id=16226#comment-1149433 According to figures published on this site, Shell replaced just 26% of the reserves that it produced in 2014. The Groningen field represents a significant fraction of Shell’s remaining reserves. If Groningen production is halted to reduce the risk of earthquakes, the impact on Shell’s remaining reserves will be significant.

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Comment on Shell Blog by Bold Bens Big Bet http://royaldutchshellplc.com/wp-wall-guestbook/#comment-1148669 Fri, 10 Apr 2015 14:45:27 +0000 http://royaldutchshellplc.com/?page_id=16226#comment-1148669 Very bold of Ben van Beurden. Most courageous Shell leader for many a year. Still many pitfalls, as can be seen in some of the most recent articles about the BG takeover. Not least the fluctuating oil price. Good luck to him.

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